17) On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. Babson pays the invoice on March 17 and takes the appropriate discount. The journal entry that Klein makes on March 17 is: Account Title Debit Cash 7,800 Credit Accounts Receivable 7,800 Account Title Debit Credit Cash 4,500 Accounts Receivable 4,500 Account Title Debit Credit Cash 7,644 Sales Discounts 156 Accounts Receivable 7,800 Account Title Debit Credit Cash 7,644 Accounts Receivable 7,644